Vouchers for staff

December 16, 2017

We understand that especially at Christmas employers like to reward staff with a voucher – it’s not cash – right?? NO - HMRC consider that giving staff vouchers is the same principle as giving cash and therefore tax and National Insurance is due. 

 

A voucher is effectively ‘cash in disguise’ and therefore should be added to an employees gross salary for the period and tax and NI deducted.

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